Soybean Crush
Soy Crush: Crush demand remains very strong currently at 1.66. Strength in Crush margins can come on the backside of strong moves lower in beans. Currently crush is high due to strong demand for oil and a weaker bean market. If Bean oil holds elevated levels and Meal can find some strength, Soybeans should find a lift higher.
Soybeans: Price has retreated well off spring/summer highs. Finding support with higher crush margins
Soybean Meal: Over supply with the excess crush causing a retreat in price. Will lower price meal spur demand, or is Meal the first one lower with Beans and Oil to follow?
Soy Oil: Fundamentals in the domestic and world market driving the Oil market. Long term outlook remains elevated on Biofuel needs. A correction in the Oil market will drive the Crush market, and would eventually drive the Soybean Market lower.
**Watch the Soybean Oil market carefully. Also any negative action or talks out of Washington and the biofuels industry**
Soybeans: Price has retreated well off spring/summer highs. Finding support with higher crush margins
Soybean Meal: Over supply with the excess crush causing a retreat in price. Will lower price meal spur demand, or is Meal the first one lower with Beans and Oil to follow?
Soy Oil: Fundamentals in the domestic and world market driving the Oil market. Long term outlook remains elevated on Biofuel needs. A correction in the Oil market will drive the Crush market, and would eventually drive the Soybean Market lower.
**Watch the Soybean Oil market carefully. Also any negative action or talks out of Washington and the biofuels industry**
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